ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) on Wedne-sday announced that it had financed 11 development projects worth AED1.4 billion in 2017, benefitting nine developing countries. Totalling more than AED646 million, four of the 11 projects were allocated as concessionary loans to Egypt, Antigua and Barbuda and the Maldives, whereas the remaining seven projects were funded ...

FUJAIRAH / WAM Oil product stocks in the Middle East’s key oil hub of Fujairah rose 11.1 percent in the week to Monday, with inventory levels up across all reported categories. Total oil product stocks in Fujairah were 19.379 million barrels, up 1.93 million barrels from a week earlier, according to data from the Fujairah Energy Data Committee, or FEDCom. ...

DUBAI / Emirates Business Etisalat Digital on Wednesday announced that it has signed strategic partnerships with four scale-ups as part of the ‘Dubai Future Accelerators Program,’ the world’s largest government supported accelerator. The 4th cohort of the ‘Dubai Future Accelerators’, launched in March this year with the participation of Etisalat Digital and other government bodies and in cooperation with the ...